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How data and technology can combat appraisal bias

Housing Wire

At Tavant , they’re taking a look at the past and present of appraisals to prepare for a better future. To break into appraising, you need to essentially apprentice with an existing appraiser, and for them to spend that much time training you often requires them to already have a close relationship with you. Johnson said.

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Clear Capital acquires Finnish digital floor plan firm

Housing Wire

The two are well acquainted – Clear Capital already utilized CubiCasa’s digital gross living area technology. The partnership will allow CubiCasa’s automated floor plan sketching technology to integrate with Clear Capital’s ClearInsight Platform, a mobile property data collection application. Presented by: Incenter.

Valuation 367
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AI could improve racial equity in homeownership, but there’s work to be done

Housing Wire

Policymakers and the mortgage industry must reckon with historical and present-day barriers that lock would-be homebuyers of color out of the market altogether,” according to the report published on Monday.

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Opinion: Real estate agents can flourish in an AI-flooded market

Housing Wire

Here is just one example among many: Proportunity helps would-be property owners to get a fair and up-to-date valuation of residential real estate. The world yet has much use for real estate agents, and indeed the advent of realty-focused AI presents more opportunities than threats for those who are willing to change with the times.

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From Forms to Reports: A Look at the UAD Overhaul

Appraisal Buzz

Using the form structure, GSEs have been ingesting these eclectic abbreviations to develop a large database of residential valuation. Appraisers will be presented with the data elements needed to report the characteristics of the subject property, and analyze the market, comparables, and other necessary parts of the appraisal process.

Appraisal 397
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ACE + PDR: What does this mean to you, and what’s the future for appraisal data collection?

Appraisal Buzz

I provide short and long-term consulting services related to valuation, education, review, and investigations. Buzz: In what ways is new technology impacting the future of appraisal industry in regards to this new process? Adequate training helps ensure a degree of consistency in the collection and reporting of property data.

Appraisal 360
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Savvy real estate agents look beyond ChatGPT

Housing Wire

Too many real estate agents are watching artificial intelligence (AI) from the sidelines, assuming technology will never replace them. However, it was deemed as too challenging technologically so it languished. It is trained on text data and learns to identify patterns from that data to generate human-like text responses.